HMRC’s Making Tax Digital and all other corporation tax measures have been removed from the latest Finance Bill in order to pass it ahead of the general election in June, as announced by KPMG. The programme which was intended to make HMRC one of the “most digitally advanced tax administrations anywhere in the world”, faced criticism over its short timetable and is now likely to be delayed by at least one year.
Tax experts have welcomed the move, claiming that the government is sensible not to rush the process of legislating Making Tax Digital. Head of tax at accounting body the Association of Chartered Certified Accountants (ACCA), Chas Roy-Chowdhury, said: “ACCA has raised some serious concerns about the implementation plan for [Making Tax Digital]. We advised at last week’s Treasury select committee hearing that it be delayed until after the general election to ensure that there is time for full and comprehensive debate.”
